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garding the risks involved with investing in listed options: http:/Awww.theocc.com/about/publications/character-risks.jsp. Analyst Certification |, Adarsh Sinha, hereby certify that the views expressed in this research report about securities and issuers accurately reflect the research model applied in such a
Page: HOUSE_OVERSIGHT_010613 →: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_010614 →Investment Strategy
K/USD Kamal Sharma 01/03/20 04/05/2016 Long RUB/ZAR David Hauner 22/01/20 17/05/2016 FX Short EUR/SEK Kamal Sharma 22/01/20 08/07/2016 Long JPY/KRW Adarsh Sinha 22/01/20 31/03/2016 Long USD/CAD lan Gordon 28/07/20 07/07/2016 Short EUR/JPY Athanasios Vamvakidis | 21/01/20 30/09/2016 Short EUR/USD Athanasios
Page: HOUSE_OVERSIGHT_014455 →): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_014457 →ica Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 41 Merrill Lynch HOUSE_OVERSIGHT_014771 --- PAGE BREAK --- Cheapest tail-risk Hedges Adarsh Sinha Ralph Axel Merrill Lynch (Hong Kong) MLPF&S [email protected] [email protected] Gabriele Foa Tony Morriss MLI (UK) Merrill Lynch (Australia)
Page: HOUSE_OVERSIGHT_014772 →: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both Adarsh Sinha and the Financial Services Agency

Frankfurt
LOCATIONthe Capital Market Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Seoul
LOCATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSONMerrill Lynch International Bank Limited
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONBaFin
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION